Second hand Tesla Inc (NASDAQ:TSLA) cars sell faster, and for more money, than those of its luxury car competitors, a recent study has found.
The report by car-shopping platform Autolist.com compared the Tesla Model S to a host of other luxury sedans, including the Audi A7, Porsche Panamera, BMW 6 Series and Mercedes CLS.
It found that, on average, a used Model S will take 87 days to sell, about 5% quicker than the other models.
Autolist also found that the listing prices of the Model Ss were between 3% and 5% above their peer group average for the past year, when adjusted for price differences between the cars.
That beats Ford and Chevvy, too
Those numbers even beat top-selling General Motors Company (NYSE:GM) and Ford Motor Company (NYSE:F) models.
The highest-selling vehicle in the US, the Ford F-150 pickup truck, and other such as the Chevrolet Malibu, have seen prices hover 1% above and below their over the past year, Autolist said.
The F-F150 and Malibu also spent longer on garage forecourts, taking on average 104 days and 103 days respectively to sell.
Musk: ‘Go invest in Ford’
Speaking of Ford, Tesla overtook the car giant in terms of market value for the first time the other day. Tesla is now valued at the best part of US$47bn – and it had been as high as US$50bn – compared to Ford’s US$45bn.
That was despite Ford selling 6.6mln cars last year compared to just 76,000 sold by Tesla.
Tesla owner Elon Musk also took to social media the other day to tell a group of powerful investors they should invest in Ford if they’re not happy with how things are run at Tesla.
@Reuters Besides, I already said we'd add more independent members during SCTY merger. Will announce soon, but this group has nothing to do with it.
— Elon Musk (@elonmusk) April 12, 2017
The comments came about after five major shareholders – including the California State Teacher’s Retirement System – wrote to billionaire Musk at the start of the week to raise concerns about Tesla’s board.
The letter highlighted alleged personal or professional links between the directors and the entrepreneur.
Shares in Tesla edged 0.6% higher on Thursday morning to US$298.64.